DraftKings completes Golden Nugget Online Gaming's acquisition

This article is dated May 11, 2022, content related to promotions is no longer valid. Any promotion described below has expired.

DraftKings has completed the acquisition of Golden Nugget Online Gaming, which will allow the Company to leverage Golden Nugget’s established brand to broaden its reach into new customer segments and enhance the combined company’s iGaming product offerings through DraftKings’ vertically-integrated tech stack and Golden Nugget Online Gaming’s unique capabilities, including Live Dealer.

The acquisition, which does not include brick and mortar Golden Nugget casinos, which will continue to be owned by Fertitta Entertainment, will deliver significant benefits to DraftKings as well as expected synergies of $300 million at maturity.  “Acquiring Golden Nugget Online Gaming gives us synergies across our business,” commented Jason Robins, Chairman and CEO of DraftKings. “We anticipate that this acquisition will provide meaningful revenue uplift by utilizing our data-driven marketing capabilities and a dual brand iGaming strategy, gross margin improvement opportunities, and cost savings across external marketing and SG&A. I am proud to welcome the Golden Nugget Online Gaming team to the DraftKings family.”

“This will be an alliance unlike any other in the digital sports, entertainment and online gaming industry,” added Tilman Fertitta, Chairman and CEO of Golden Nugget Online Gaming. “Now that the acquisition is completed, I look forward to what the future will bring for our combined company and am confident this relationship will be a huge success.” DraftKings will integrate Golden Nugget Online Gaming employees across its business, including Thomas Winter, who will transition to General Manager of North America iGaming, from his previous role as President of Golden Nugget Online Gaming.